1243 E 520 S, Provo, UT 84606
Local realty services provided by:ERA Brokers Consolidated
1243 E 520 S,Provo, UT 84606
$525,000
- 5 Beds
- 2 Baths
- 1,600 sq. ft.
- Multi-family
- Pending
Listed by: greg summerhays, andrea summerhays
Office: chapman-richards & associates, inc.
MLS#:2127183
Source:SL
Price summary
- Price:$525,000
- Price per sq. ft.:$328.13
About this home
BYU-ADJACENT DUPLEX | $43,200 ANNUAL INCOME Fully rented student housing operation near Brigham Young University This well-located Provo duplex offers an ideal blend of space inside and out. The upper unit features two comfortable bedrooms filled with natural light, an open and functional living area, and a layout that feels both welcoming and efficient, perfect for owner-occupants, students, or long-term renters. The hardwood floors were recently refinished, and a new tile backsplash was installed in the kitchen. New tile was installed in the bathroom along with a new vanity. The lower unit features three bedrooms, creating excellent income potential or room for extended living arrangements. With a separate living space and a proven rental-friendly layout, this duplex is well-suited for investors looking to maximize cash flow or buyers seeking a smart house-hacking opportunity. New A/C unit and new dishwasher in the basement, as well as new landscaping and new sprinkler system. Just minutes from campus, dining, shopping, and public transportation, this property delivers the convenience that Provo renters consistently seek. This 5-bedroom duplex generates $43,200 per year from established student tenants. Lower unit (3BR) is fully furnished. Upper unit (2BR) has exclusive use of the backyard. INCOME BREAKDOWN Upper Unit (2BR/1BA): $1,800/month Lower Unit (3BR/1BA): $1,800/month Total Monthly: $3,600 Annual Gross: $43,200 Owner pays utilities, including internet. The property is currently rented and has a history of full occupancy. The Upper Unit lease expires at the end of March 2026, and the Lower Unit lease expires at the end of August 2026. WHAT'S INCLUDED All furniture from the lower unit: Beds, dressers, desks, chairs, lamps in every bedroom Living room couch, TV stand, poofs Kitchen barstools Washer and dryer All appliances Upper Unit includes washer/dryer and appliances. Furniture value: $7,000+ RECENT WORK COMPLETED Upper unit: Hardwood floors refinished throughout New tile backsplash in kitchen New floor tile and vanity in the bathroom Recently painted bright white Lower unit: New A/C system installed New dishwasher Updated appliances New dryer New fan lights Recently painted bright while Both units: New landscaping across entire property New sprinkler system installed New Siding New electrical panel Newer Roof (2015) Total investment in improvements: $37,000+ LOCATION DETAILS On established street in Provost neighborhood University Avenue shopping and restaurants within blocks City bus stops nearby 1,600 square feet total 0.14 acres Built 1944 WHO THIS WORKS FOR Local investors who manage properties: You collect $3,600/month, handle student turnover between semesters, and replace furniture as needed. House hackers: Live in one unit (your choice of 2BR or 3BR), collect $1,800/month from the other side. This pays a large part of the mortgage. Student housing operators: You already know the BYU furnished market. This property is already working. WHAT YOU'RE BUYING A functioning business. Not a fixer. Not a conversion project. The tenants are paying. The furniture is there. The recent renovation work is done. BYU has 30,000 students. Furnished housing near campus rents fast and stays full. This property proves it-currently 100% occupied with quality tenants paying market rates. PROPERTY SPECS Address: 1243 E 520 S, Provo, UT 84606 Type: Up/down duplex Total bedrooms: 5 Total bathrooms: 2 Square footage: 1,600 Lot size: 0.14 acres Year built: 1944 Parking Spaces: 4 Zoning: Non-Conforming duplex Crucial Zoning Note: This is a Non-Conforming Duplex. This property was legally built as a duplex in 1944, before current zoning requirements. The duplex use is grandfathered and permanent. Property can be maintained, renovated, and sold as a duplex indefinitely. Properties like this-already furnished, already rented, already making money-sell fast in the BYU corridor because they require zero work to start c
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Home facts
- Year built:1944
- Listing ID #:2127183
- Added:57 day(s) ago
- Updated:December 21, 2025 at 02:09 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Living area:1,600 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas: Central
Structure and exterior
- Roof:Asphalt
- Year built:1944
- Building area:1,600 sq. ft.
- Lot area:0.14 Acres
Schools
- High school:Timpview
- Middle school:Centennial
- Elementary school:Provost
Utilities
- Water:Culinary, Water Connected
- Sewer:Sewer Connected, Sewer: Connected, Sewer: Public
Finances and disclosures
- Price:$525,000
- Price per sq. ft.:$328.13
- Tax amount:$2,577
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